Georgia: News Releases

ADB has appointed Werner Liepach as the new Director General for its Central and West Asia Department (CWRD).

ADB today signed a $14.27 million loan agreement with the Government of Georgia to upgrade and improve the Tbilisi metro, which currently benefits over 300,000 commuters daily.

ADB Vice-President Wencai Zhang met with the Prime Minister of Georgia Giorgi Kvirikashvili on 29 November, where he reaffirmed ADB’s commitment to support the country’s economic development.

ADB's Trade Finance Program launched its first Bank Internship Program on 13 to 16 November with its first participants, TBC Bank from Georgia, Citi, and Bank Eskhata from Tajikistan as the interning bank.

ADB President Takehiko Nakao concluded a 3-day visit to Tajikistan today, where he attended the 16th Central Asia Regional Economic Cooperation (CAREC) Ministerial Conference.

ADB President Takehiko Nakao today participated in the inaugural ceremony of the CAREC Institute, together with more than 100 participants from CAREC member countries and development partner organizations.

Bank of Georgia has signed a $75 million one-year Club Trade Finance Facility arranged by Citi with ADB, through the Trade Finance Program in the form of a guarantee, and IFC.

ADB today approved a $80 million loan to rehabilitate a secondary road in central Georgia.

ADB has approved a $114 million loan to help improve regional connectivity and road transport efficiency in Georgia, while strengthening the country’s bid to become a regional transport and logistics hub.

ADB and the Government of Georgia have signed a $99 million ADB loan to upgrade water supply, sewerage, and sanitation systems for nearly 62,000 people in the secondary towns of Marneuli, Bolnisi, and Chiatura.